A few days ago, Binance announced that the new Lanchpool project is BIO. Although it was expected, I still had mixed feelings.
Long before Binance officially announced its investment in BIO, I was already paying attention to DeSci, sensing that this field has great potential, but it would take years to explode, so I was just observing.
During that time, I read many DeSci articles and realized that BIO has the opportunity to become a leader because they are creating 'the on-chain science version of Y Combinator', and the narrative is compelling enough.
So at the end of October, I shared the news of the BIO auction with my group friends, but no one knew what BIO was, resulting in a collective miss; it was truly an early start but a late arrival.
Later, Binance officially announced its investment in BIO, which was suddenly pushed to the public eye, and with URO and RIF emerging, the DeSci field exploded overnight. Fortunately, I had already positioned myself with these two memes early on, otherwise, I would have been devastated.
Looking back at BIO, the conclusion is: when a field is still very early, don't hesitate, dive in first, and then become friends with time; memes are expected to become a training ground for emerging fields, although the risks are high, retail investors have a chance to benefit.
As for BIO, missing out has become a fact; let's see what exceptional qualities it possesses.
1. 'On-chain science version of Y Combinator'
YC is a globally renowned tech startup incubator that has incubated a number of impressive tech companies. In contrast, BIO is actually building another YC in a Web3 manner, using blockchain technology for scientific research and funding.
Incubation function: providing various resources for research projects, just like YC incubates tech startups.
Financial support: through blockchain technology, BIO can more easily raise funds for research projects.
Community participation: allowing scientists, patients, and investors from around the world to jointly participate in and support research projects.
Accelerated development: helping research projects grow quickly, similar to how YC accelerates the development of startup companies.
Innovative model: introducing new research funding and commercialization models, breaking the limitations of traditional research funding.
2. Four core components
The essence of BIO is the curation and liquidity protocol in the DeSci field, with the core being BioDAO, which raises funds through token sales to support and develop biotechnology projects related to its mission while sharing intellectual property among members.
According to BIO's official website, seven sub-DAOs have successfully launched, raising a total of $30.3 million and deploying $7.2 million in research funding.
Click here to view: https://app.bio.xyz/launchpad
In addition, the curation system, IP commercialization, and liquidity mechanisms are also core components of BIO, building a diverse and highly participatory community through multiple rounds of auctions and airdrop plans, laying the foundation for a decentralized biomedical research network.
3. Binance as the biggest 'promoter'
The explosive success of BIO is inseparable from Binance's support, mainly reflected in the following three points:
① CZ's assistance
Earlier this year, CZ mentioned in a letter to the judge: 'I think there is too much medical research driven by interests... I want to help fund small research laboratories. Over the past few years, I have talked to many biotech startups in this field.'
Later, CZ mentioned DeSci multiple times and attended related conferences, becoming the soul figure of the DeSci field, which would somewhat influence Binance Labs' investment decisions, laying the groundwork for the later investment in BIO.
② Binance Labs' investment
Binance Labs is the only institutional investor in BIO, marking Binance's first foray into DeSci investments, which is very significant.
It is precisely because of Binance's involvement that BIO has truly stepped into the spotlight, becoming a publicly recognized leader in DeSci.
③ Binance Lanchpool new project.
From the official announcement of Binance's investment to the launch on Lanchpool, BIO took just over a month, which I recall is a first.
Interestingly, this Lanchpool mining period lasts for 10 days, releasing 3% of the total $BIO tokens, with less than 6 days remaining, remember to put in BNB or FDUSD.